Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 20.49 as of 2026-10-06T17:36:49.841Z.
Consensus retrieved: 2026-10-06T12:29:01.722Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-10-06T17:36:49.841Z.
Quote observation: 2026-10-06T17:35:08.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 9312dbed0ab52b0319df66566535e81e96fb3b33008de9b3b705eca23efb91be
Forward PE Ratio (20.49) = Dated Quote Price ($58.06) / Consensus Forward EPS ($2.83)
FORWARD PE RATIO
20.49
SECTOR MEDIAN · UTILITIES
17.43
median of 47 covered companies
CURRENT VS SECTOR MEDIAN
+17.56%
vs the sector median at left
H2O America
Market Cap
$2.43B
Forward PE Ratio
20.49
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| H2O America (HTO) | $2.43B | 20.49 |
| ReNew Energy Global Plc (RNW)vs › | $2.50B | N/A |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.28B | N/A |
| MGE Energy, Inc. (MGEE)vs › | $2.65B | 17.72 |
| Northwest Natural Holding Company (NWN)vs › | $1.99B | 15.30 |
| Avista Corporation (AVA)vs › | $2.93B | 13.44 |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.29B | N/A |
| Fluence Energy, Inc. (FLNC)vs › | $1.49B | N/A |
| Middlesex Water Company (MSEX)vs › | $991.94M | 19.76 |
| XPLR Infrastructure, LP (XIFR)vs › | $972.90M | 8.62 |
Trailing P/E
20.4
reported TTM EPS
Forward P/E
20.5
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.83 implies -0.4% EPS decline vs the reported trailing $2.84.
At the dated quote price of $58.06, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.83 | $2.66 – $2.93 | 4 | 20.5x |
| 2027-12-31 | $2.84 | $2.64 – $3.09 | 4 | 20.5x |
| 2028-12-31 | $3.61 | $3.38 – $3.89 | 3 | 16.1x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
